THE owners of an original farm on Phillip Island, the Forrest family, say their 85 hectare grazing property, just outside Cowes, has been sold.
The property has been in the family for almost 150 years.
Peter Forrest and his wife Marilyn have farmed sheep on the property since taking it over from his father. However, Mr Forrest’s great-grandfather was the original owner of the parcel of land, part of a Cleeland family farm, which has been passed down.
Mrs Forrest said on last week that they had retired and were ready to downsize.
“We have been leasing the land for a number of years but now we are ready to move,” she said.
The green paddocks and family sized-home is just 5km away from the main town in Cowes. The three-bedroom residence perched at the property’s most elevated position boasts incredible views out to French Island and the Bass Hills.
While the property is unlikely to ever be considered for traditional residential development it is believed to have resort/golf course potential. quoted a “price guide of $5.4 million — $5.9 million” for the property.